Anti-Money Laundering (AML) and terrorism prevention are key questions in modern finance. Most such policies are determined on a governmental or even international level. A company’s failure to comply with AML regulations may result in hefty fines and loss of credibility. In order to prevent such incidents the banks form their customer relationship policies based on Know Your Customer (KYC) principles.

KYC is based on client personal data collection and it allows to:

Specialist research firm RegTech Analyst has just named Eventus Systems, Inc., a provider of regulatory technology software solutions for the capital markets, to its global RegTech 100 list for 2019, recognizing the pioneering companies transforming compliance, risk management and cybersecurity. 

European investors are waiting hopefully for further progress in the US-China trade dispute to happen after some positive developments have occurred along this avenue. On the negative side, markets will continue to face pressures due to Brexit uncertainties and Italy’s next-year’s budget issues that have still not been fully resolved, financial scouts note.

Integral (www.integral.com), the technology partner trusted by leading banks, brokers, and asset managers to help them outperform their competition in the foreign exchange market, today announced a partnership with Moscow Exchange (MOEX), the largest worldwide RUB FX electronic trading venue. Through its Open Currency Exchange^TM (OCX), Integral will deliver access to better liquidity, higher performance, and lower latency to MOEX customers, and MOEX will now provide liquidity to the Integral network.

The mass adoption of cryptocurrency is a step closer today, following the launch of IvyPay, a platform built by blockchain-based tech company, Ivy, in partnership with cryptocurrency broker service, HiveEx.com

The BBC reports today** that migrants to the UK send £8bn to family each year. UNESCO calculate that the average transaction fees applied to international money transfers amounts to 7% of the total transaction. That means a whopping £560 million is lost to transaction fees every year. When you also consider that 30% of that money is sent back to get younger family members through education, it's a huge loss to those that are often required to work extremely hard to earn the money they send back in the first place.

Sopra Steria is today announcing a new engagement which will see it provide application maintenance services across all the major systems at the Financial Conduct Authority (FCA). This the latest major contract between the organisations, which follows the company’s development and launch of the Market Data Processor (MDP) in January 2018.